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iShares MSCI Sweden ETF (EWD) Sharpe Ratio: 0.93

ETF · Currency in USD · Last updated Jun 23, 2026

EWD is a passive ETF by iShares tracking the investment results of the MSCI Sweden Index. EWD launched on Mar 12, 1996 and has a 0.55% expense ratio.

EWD's Sharpe Ratio of 0.93 indicates that for each unit of volatility, it generates 0.93 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

EWD Sharpe Ratio Rank

EWD Sharpe Ratio Rank: 26.827
Below Average

EWD ranks above 26.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

EWD Sharpe Ratio Market Positioning

The chart shows EWD's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.39+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares MSCI Sweden ETF's Sharpe Ratio with other ETFs in the Europe Equities category across multiple time periods, showing how EWD's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
EWOiShares MSCI Austria ETF2.99
EWPiShares MSCI Spain ETF2.33
FDDFirst Trust STOXX European Select Dividend Index Fund2.12
EFNLiShares MSCI Finland ETF2.11
EWNiShares MSCI Netherlands ETF2.08
RFEUFirst Trust RiverFront Dynamic Europe ETF1.94
OPPEWisdomTree European Opportunities Fund1.94
DBEUXtrackers MSCI Europe Hedged Equity Fund1.92
EWIiShares MSCI Italy ETF1.90
HEZUiShares Currency Hedged MSCI Eurozone ETF1.87
EWDiShares MSCI Sweden ETF0.93

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows EWD's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when EWD consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does EWD fit in your portfolio?

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